Simulation. It is a highly versatile technique of operations research. It has a wide ranging application in business situations simulation is particularly appropriate where it is difficult to build a model for the real life situation mathematically or if at all it is modeled it is a bit difficult to solve the model analytically. It may be noted that simulation is a manipulation of a model constructed from the formal statements of mathematical representation in respect of logical relations between the elements in a structure or a system expressed of measurable terms. Thus simulation is a structure or a system expressed in which will duplicate r present as nearly as possible the real situation and then watching what does happen. In every walk of life the test of adequacy of our cannot afford the luxury of testing the consequences of the major decisions in the real-life word. Instead of testing out the characteristics of an aircraft or a sky scraper by actually building or constructing it we can simulate its performance on the basis of its characteristics. In this way we can experiment without incurring the cost of failure. The simulation techniques allow the modern managers to examine the probable consequences of his decisions without the risk of real life experimentations.
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